NY Insurance Adjuster BUNDLED Exam 2023 with 100% correct answers

Under the farm forms, the maximum amount payable for a loss to a satellite dish is: - correct answerThe correct answer is: $1,000.. The State Insurance Fund provides workers compensation coverage for which of the following? - correct answerThe fund is for both those employers unable to obtain cov...

Which of the following is covered by a dread disease policy? - correct answerillnesses that do not occur frequently but incur significant costs when they do occur Which of the following professionals would purchase Directors and Officers (D &O) insurance to manage the liability risk associated wi...

Dram Shop Liability refers to: - correct answerLiquor Law Liability. The insured has suffered a covered loss under his DP-3 dwelling form. He fails to protect the property from further loss. The additional loss that occurs as a result of his inactions may be denied because of what clause in the p...

Dynamic Risk - correct answerNot insurable. Think COVID. Tech advances that might hurt your business. Static risk - correct answer100 year flood, rare genetic illness , doesn't really change through time. Insurable Pure risk - correct answera risk that presents the chance of loss but no oppor...

All of the following are eligible for group long term care insurance, EXCEPT: Answer Choices: Select the Correct Answer A group formed as a cooperative to buy insurance at a discount. One or more employer or labor organizations for the benefit of the employees. Any professional, trade or...

12/1 - even numbered yrs - correct answerOn what date does an adjuster's license need to be renewed? $1,000 - correct answerWhat is the amount of bond that must be posted to obtain and adjuster's license? Not until hearing held - correct answerWhen can the Superintendent of Insurance revoke ...

Aircraft hull coverage covers - correct answerVandalism while "not in motion" Punative - correct answerDamagesBodily injury claims - "exemplary" damages: Bail Bond - correct answerA court or litigation bond or finacial guarantee bond: Individual Named Insured - correct answerCovers busi...

An employee has been asked to use his own personal vehicle to perform certain tasks on behalf of his employer. What coverage is used under the business auto policy to protect the employer for lawsuits when the employee has an accident that causes legal action against the employer? - correct answerEm...

Which of the following would NOT be found in the conditions section of a homeowners insurance policy? Subrogation rights Duties of the insured Insurance premium Mortgagee clause - correct answerThe insurance premium is not shown in the conditions section of the homeowner policy. Which of t...

Mason has suffered a $42,000 loss to his commercial building due to fire. The building is covered under the Building & Personal Property coverage form and had been vacant for 74 days. The insurer would have paid the entire loss if the building had been occupied, but what will they pay because the in...

- correct answer An "uninsured motor vehicle" under a personal auto policy does not include: - correct answerAn abandoned car used as a residence. . Which of the following are exempt from certain sections of the New York cybersecurity regulation? - correct answerAll responses listed are corr...

All of the following are reasons that an adjuster should keep very detailed log notes, EXCEPT: - correct answerTo produce notes that will support a fraudulent denial of claims. . The adjuster's log notes are used to determine negligent parties, to assist in detecting fraud, to become a part of t...

The insured has moved into a dwelling that was being build and was covered by the "Dwelling Under Construction" endorsement. How long does the insured have to report his / her occupancy to the insurance company? - correct answer30 days When a New York Homeowners policy is still in the 60-day un...

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: - correct answerI. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: - correct answerActual cash value When may an insured sue an...